Tulsa, OK - Sunbelt Rentals & Expansion Land

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, Sunbelt Rentals investment property located in Tulsa, OK. The tenant, Sunbelt Rentals, Inc., recently signed a brand new 5-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1983, Sunbelt Rentals is a leader in the equipment rental industry with over 1,200 locations. The subject property operates as a scaffolding equipment and setup service site, providing complete design, engineering, erection, and dismantle services. The offering also includes the adjacent 1.11 acre parcel, providing an excellent value add opportunity in a well-established and diversified market. The parcel is newly fenced in and has a concrete laydown yard, providing for a variety of future users.

Sunbelt Rentals is strategically located along E. Tecumseh Street with direct access to Sheridan Road (18,300 VPD) and Yale Avenue (24,700 VPD). The property also benefits from nearby access to State Highway 11 (32,600 VPD), making it a centralized location with easy commutes. The surrounding tenants consist of White River Fish Market, Maxwell Supply, International Beers, Warehouse Market, Dollar General, McElroy Manufacturing, and many others. The dense retail and industrial tenant presence increase consumer draw to the area and significantly contribute to the local economy. Spread across 5 parcels, the offering features 30,420 total square feet of building area situated on 3.99 acres, providing an ample amount of space for business needs. The 5-mile trade area is supported by over 143,200 residents and 97,100 daytime employees, with an annual average household income of $64,375.